Sportsman's Warehouse Holdings Inc (SPWH) Expected to Announce Quarterly Sales of $241.93 Million

Equities analysts forecast that Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH) will report $241.93 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sportsman's Warehouse’s earnings, with the highest sales estimate coming in at $242.40 million and the lowest estimate coming in at $241.40 million. Sportsman's Warehouse posted sales of $221.38 million during the same quarter last year, which suggests a positive year-over-year growth rate of 9.3%. The company is scheduled to issue its next earnings results on Thursday, March 22nd.

According to Zacks, analysts expect that Sportsman's Warehouse will report full-year sales of $241.93 million for the current year, with estimates ranging from $807.90 million to $808.90 million. For the next fiscal year, analysts anticipate that the company will report sales of $848.33 million per share, with estimates ranging from $833.30 million to $869.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Sportsman's Warehouse.

Sportsman's Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Thursday, November 16th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Sportsman's Warehouse had a net margin of 2.84% and a return on equity of 71.55%. The company had revenue of $218.10 million for the quarter, compared to the consensus estimate of $222.59 million. During the same period last year, the company earned $0.25 earnings per share. Sportsman's Warehouse’s revenue for the quarter was up .4% compared to the same quarter last year.

Several analysts have recently commented on SPWH shares. Robert W. Baird reissued a “buy” rating and set a $7.00 price target on shares of Sportsman's Warehouse in a research note on Thursday, September 21st. DA Davidson set a $8.00 price target on shares of Sportsman's Warehouse and gave the company a “buy” rating in a research note on Monday, October 16th. ValuEngine raised shares of Sportsman's Warehouse from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Forward View set a $4.00 price target on shares of Sportsman's Warehouse and gave the company a “hold” rating in a research note on Saturday, November 18th. Finally, Piper Jaffray Companies set a $5.00 price target on shares of Sportsman's Warehouse and gave the company a “hold” rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.56.

In other Sportsman's Warehouse news, CFO Kevan P. Talbot acquired 13,000 shares of Sportsman's Warehouse stock in a transaction on Monday, December 18th. The shares were purchased at an average cost of $5.78 per share, with a total value of $75,140.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.15% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in SPWH. California Public Employees Retirement System bought a new position in Sportsman's Warehouse in the first quarter valued at approximately $122,000. Vanguard Group Inc. boosted its stake in Sportsman's Warehouse by 14.4% in the first quarter. Vanguard Group Inc. now owns 1,315,965 shares of the company’s stock valued at $6,290,000 after acquiring an additional 165,638 shares during the last quarter. Geode Capital Management LLC boosted its stake in Sportsman's Warehouse by 4.5% in the first quarter. Geode Capital Management LLC now owns 240,038 shares of the company’s stock valued at $1,147,000 after acquiring an additional 10,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sportsman's Warehouse by 11.4% in the first quarter. Dimensional Fund Advisors LP now owns 619,942 shares of the company’s stock valued at $2,963,000 after acquiring an additional 63,400 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Sportsman's Warehouse by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 105,244 shares of the company’s stock valued at $504,000 after acquiring an additional 6,156 shares during the last quarter.

Shares of Sportsman's Warehouse (NASDAQ:SPWH) opened at $6.17 on Friday. Sportsman's Warehouse has a 52 week low of $3.40 and a 52 week high of $9.77. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.03 and a current ratio of 1.54. The company has a market cap of $259.73, a P/E ratio of 11.09, a PEG ratio of 1.08 and a beta of -0.66.

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About Sportsman's Warehouse

Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.

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